Huntsman Posts Net Loss for Fourth Quarter of 2023
Huntsman Corp. reported fourth-quarter 2023 results with revenues of $1,403 million. The company saw a net loss of $71 million, adjusted net loss of $36 million, and adjusted EBITDA of $44 million.
Peter R. Huntsman, chairman, president, and CEO, said, "In early 2024 we have seen a moderate improvement from the lows experienced in the fourth quarter 2023, and while we are yet to see a clear inflexion point in demand, we remain positive about the future. We are well positioned to benefit significantly from volume leverage once our end markets improve and as we continue to control our cost base. While the exact timing of a recovery remains uncertain, we are confident that construction spending and industrial activity in our core markets will return to past cycle averages and the world will continue to value energy efficiency and light weighting which impacts two-thirds of our total sales.